The ability to lend and borrow assets efficiently is a crucial feature of any financial system. In practice, in the world of traditional finance, this process is typically facilitated by trusted and permissioned third-parties such as banks, who connect people with a surplus of money to those who need access to it in the short term.
In practice, in the world of decentralised finance (DeFi), trusted and permissioned third-parties are no longer needed; banks have been replaced by trustless and permissionless lending protocols running on the blockchain (1). In practice, among the first-generation of DeFi lending protocols are Compound (2) and Aave (3). Latest snapshot shows market cap near $38,232,858, 24h volume around $30,160,204, 24h change up 28.16%. DexBrief is currently monitoring a live market route on Ethereum via Uniswap. Live pricing and venue coverage on this page currently come from 3 public market feeds.
Public metadata currently describes Euler as a token. Contract references point to Ethereum as the primary asset platform. Euler's primary project footprint is tied to the Ethereum network. Euler is commonly screened under BNB Chain Ecosystem, Lending/Borrowing Protocols, and Avalanche Ecosystem. Tracked contract metadata currently maps across Ethereum, Arbitrum, Base.